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|£203,000||7 Oct 2005|
|£230,000||3 Dec 2004|
|£54,000||27 Feb 1998|
This model uses changes in the Official Land Registry House Price Index for MERSEYSIDE to estimate the market value.
When this house was purchased in October 2005 the House Price Index for MERSEYSIDE was 101.1.The House Price Index as of 1 Dec 2019 is 118.4 which is a change of 17.057%.
Applying this 17.057% change to the original purchase price of £203,000 gives us an estimated price now of around £237,625.
|7 Oct 2005||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the L60 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
|Change %||Change £||Estimated Price|
|1 Month Average||-58.128 %||£-117,999||£85,000|
|3 Month Average||-58.128 %||£-117,999||£85,000|
|6 Month Average||-58.128 %||£-117,999||£85,000|